Gold Prices Rise by Rs 800 per Tola in Kathmandu
In the domestic market of Kathmandu, the price of gold has increased by Rs 800 per tola. The Federation of Nepal Gold and Silver Dealers’ Associations reported that fine gold is now priced at Rs 136,400 per tola, while standard gold is being traded at Rs 135,750 per tola.
Insight: The increase in gold prices can be influenced by various factors such as international market trends, demand and supply dynamics, and economic policies affecting the precious metal market.
Just yesterday, the price of fine gold stood at Rs 135,600 per tola, with standard gold being traded at Rs 134,950 per tola.
Moreover, silver prices have also seen a rise, with an increase of Rs 15 per tola. Silver is now being traded at Rs 1,675 per tola in the market today.
Insight: Investors often turn to gold as a safe haven during times of economic uncertainty or market volatility, which could explain the rise in gold prices. Additionally, fluctuations in currency values and geopolitical tensions can also impact the price of precious metals like gold and silver.
